Chase Freedom, Freedom Unlimited, Sapphire, Sapphire Preferred, Sapphire Reserve, JPMorgan Reserve, Ink Plus, Ink Bold, Ink Cash, Ink Classic, Ink Preferred negative change:
- Effective 8/26, price protection, which offers refunds when the price of an item you buy drops by up to $500, will be eliminated. Purchases made on or before 8/25 will be covered for 90 days.
- Services like Earny that automate the price protection refund process likely had a hand in killing this benefit.
Sapphire Reserve, JPMorgan Reserve negative changes:
- Effective 8/26, purchases that are automatically refunded with the $300 annual travel credit will no longer earn 3 points per dollar.
- That’s a loss of 900 points per year if you maximize the $300 in travel spending.
- Effective 8/26, there will be a limit of 2 free guests in addition to the cardholder at Priority Pass lounges. Additional guests will cost $27 each, compared to unlimited free guests through 8/25. Additional cardholders on these cards cost $75 each and starting on 8/26 they will also be limited to be able to bring 2 of their own additional guests for free.
- This comes on the heels of this WSJ article about lounge over-crowding, which this may or may not help with. Bad for large families, but you can use Priority Pass cards from other cards to allow more members in the lounge.
Chase United Explorer negative changes:
- Effective 6/1, you will no longer get 10K bonus miles for spending $25K in a calendar year. However as a one-time courtesy you will get 4K bonus miles if you spend $10K by 5/31 and you will get 10K bonus miles if you spend $25K by 5/31.
- This hurts those who spend $25K on their United cards to waive the PQD requirement for elite status, though others can do better that an effective 40% bonus by spending on a card like Freedom Unlimited.
- Effective 6/1, price protection, which offers refunds when the price of an item you buy drops by up to $500, will be eliminated.
- Effective 6/1, return protection, which offers the ability to return items up to $500 when a store won’t take it back, will be eliminated.
- Effective 6/1, trip cancellation and trip interruption insurance will be decreased from $10,000 to $1,500.
Chase United Explorer positive changes:
- Effective 6/1, you will get 2 miles per dollar on dining and hotels.
- Effective 6/1, you will get a 25% rebate on food, beverages, and WiFi on United flights.
- Effective 6/1, you can get a $100 statement credit to pay for Global Entry/TSA Pre-Check every 4 years.
- Other Chase cards are likely to lose price protection as well, though dates have not yet been announced.
- The Chase United Explorer changes do not apply for the Chase United Club card.
- The JPMorgan Ritz-Carlton card continues to offer unlimited free guests in Priority Pass lounges, though that may change as well in the near future.
2018 is shaping up to be a year of credit card cuts between these changes, the launch of cards without any signup bonuses, and the upcoming massive SPG AMEX devaluation.
But on the plus side, as long as this rumor doesn’t come to fruition, I’m OK with changes like these.
Will these changes affect whether you will keep these cards around?